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REGISTERED NUMBER: 09315356 (England and Wales)















IDEAL ESTIMATING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






IDEAL ESTIMATING LIMITED (REGISTERED NUMBER: 09315356)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IDEAL ESTIMATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr M T Eyi





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 09315356 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

IDEAL ESTIMATING LIMITED (REGISTERED NUMBER: 09315356)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,899 803

CURRENT ASSETS
Debtors 5 4,860 9,015
Cash at bank 8,714 21,751
13,574 30,766
CREDITORS
Amounts falling due within one year 6 10,021 30,763
NET CURRENT ASSETS 3,553 3
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,452

806

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,451 805
SHAREHOLDERS' FUNDS 5,452 806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2024 and were signed by:





Mr M T Eyi - Director


IDEAL ESTIMATING LIMITED (REGISTERED NUMBER: 09315356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Ideal Estimating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixture & Fittings - 25% on reducing balance
Computer equipment - 25% on cost and Straight line over 3 years

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Computer
machinery Fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 6,095 1,311 5,144 12,550
Additions - - 2,499 2,499
At 30 November 2023 6,095 1,311 7,643 15,049
DEPRECIATION
At 1 December 2022 5,881 1,000 4,866 11,747
Charge for year 214 78 1,111 1,403
At 30 November 2023 6,095 1,078 5,977 13,150
NET BOOK VALUE
At 30 November 2023 - 233 1,666 1,899
At 30 November 2022 214 311 278 803

IDEAL ESTIMATING LIMITED (REGISTERED NUMBER: 09315356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,860 5,880
Directors' current accounts - 3,135
4,860 9,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 5,875 8,148
Social security and other taxes 378 2,953
VAT 2,764 4,203
Directors' current accounts 69 -
Accrued expenses 935 15,459
10,021 30,763